Senior Mortgage Underwriter
Location: US, MA, Woburn
Employment type: Full-time
Required experience: Mid-Senior level
Industry: Banking
Function: Finance

Company profile:
Outstanding Member Service Starts With Outstanding PeopleIf you are committed to the concept of “above and beyond” and enjoy interacting with people either in person or on the telephone, then we want to talk to you.Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement program.

Job description:
Analyze information to determine risk involved in lending money for mortgage loans; responsible for analyzing/verifying income, assets, credit and all supporting documentation to ensure sufficient to loan standards and guidelines; includes verifying all documentation is correct, complete and in the loan file; that the information has been correctly calculated.  Provide direction and guidance to processing staff for documentation and processing quality; ensure file conforms to guidelines. Review appraisal to ensure value of collateral is sufficiently documented and appraiser has correctly completed forms. Assist in making decision to either deny loan or, depending on the loan’s attributes, approve loan or make recommendation to approve loan. Review underwriting decision, reasoning (logic), and conditions or counteroffer with appropriate parties. Keep current on regulations and policies and guidelines and on changes of agencies.Assume additional duties as they arise, cross-train within the department, and be responsive to the department.

Requirements:
7 years mortgage loan experience with a minimum of 5 years underwriting experience. Thorough knowledge of reviewing Residential appraisalsThrough understanding of mortgage loan processing functions, including conventional lending. In-depth knowledge of mortgage related requirements, procedures, &amp; underwriting criteria.Excellent verbal and written communication skills. Strong interpersonal and organizational skills. PC Skills, including loan software, Outlook and Microsoft Office. Thorough knowledge of FNMA underwriting guidelines and Desktop UnderwriterAbility to prioritize and meet deadlines. DE Certification PreferredAll positions must adhere to standard BSA/AML policies, procedures and processes.  Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.

Benefits:
Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement program.